The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from Türkiye, Qatar and the United States, aiming to expand Damascus International Airport.
The consortium, comprising UCC Concessions Investments LLC (Qatar), Assets Investments USA LLC (USA), and Türkiye’s Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen, will carry out the build-operate-transfer project in five phases, aiming to achieve an annual passenger capacity of 31 million.
The project is considered as a major milestone among Syria’s reconstruction efforts, designed to improve global connectivity and stimulate economic growth, trade, and tourism.
As one of the most substantial infrastructure investments in Syria in recent decades, it underscores the country’s efforts to reestablish its role in the region and regain its place on international air routes, said the statement following the signing ceremony.
The signing ceremony took place in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, representatives of the Qatari Embassy in Syria, senior official delegations, and a number of diplomats. The agreement was signed by Mr. Omar Al-Husari, Chairman of the General Authority of Civil Aviation – representing the Government of the Syrian Arab Republic – along with Mr. Mohammad Moataz Al-Khayyat, Chairman of UCC Holding; Mr. Sani Şener, Chairman of TAV; Mr. Anthony Salter, CEO of Assets Investments USA; Mr. Murat Ergonul, Board Member of Cengiz İnşaat; and Mr. Murathan Kalyoncu, Chairman of Kalyon İnşaat.
The project will be implemented in five successive phases, beginning with an increase in passenger capacity to 6 million in the first year, followed by 16 million after the second phase, and ultimately reaching 31 million annually upon full completion.
The new airport will feature up to 32 gates with modern passenger boarding bridges, a fully integrated air navigation system, and a world-class duty-free zone offering a wide range of international restaurants, premium cafés, and top fashion brands—positioning it as one of the region’s most advanced airports.
The project also includes the development of a main access road extending up to 50 kilometres, as well as a $250 million investment to acquire up to 10 Airbus A320 aircraft for Syrian Airlines, aimed at strengthening the fleet and boosting the national carrier’s competitiveness.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be...
Kyrgyzstan has introduced an indefinite ban on the export of crude oil and petroleum products by road and rail in an effort to prevent fuel shortages ...
Afghanistan and Türkiye are considering a tourism agreement to promote historic and religious sites, ease travel and train tourism workers, Afghan au...
U.S. President Donald Trump has informed Syrian President Ahmed al-Sharaa that he intends to remove Syria from the United States' list of state sponsors of terrorism, a move that could pave the way for greater foreign investment and deeper economic engagement with Washington.
Two bombs exploded near a hotel in Damascus where French President Emmanuel Macron had spent the night, but his office said he did not hear the explosions and was on his way to meet Syrian President Ahmed al-Sharaa at the time.
At least five people were killed and 16 injured after a bomb exploded at a busy café in central Damascus on Thursday, according to Syrian state media. Authorities said the device had been planted inside the venue, and no group has claimed responsibility.
Syria is open to direct talks with Hezbollah if its national interests require it, Foreign Minister Asaad al-Shaybani said during a visit to Lebanon on Thursday (2 July).
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
A senior U.S. commerce official told lawmakers on Tuesday that only a small number of Nvidia's H200 artificial intelligence chips have been shipped to China so far, as scrutiny grows over Washington's export controls on advanced technology.
Oil prices rose nearly 3% on Tuesday to their highest level in four weeks as the United States and Iran stepped up attacks around the Strait of Hormuz, adding fresh uncertainty to global energy supplies.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment